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You can use C-PACE financing for a long list of energy efficiency improvements in your commercial building. Below is a partial list of items that qualify.
Nearly any commercial building type is eligible for C-PACE financing, including industrial, office, retail and non-profits. To qualify for C-PACE funding, the building must be located in an area with an existing C-PACE program.
The property owner pays for completed energy efficiency improvements via their tax assessment bill, usually paid annually or semi-annually.
Yes, however, you may incur prepayment penalties. We will disclose these details in your loan documents, so be sure to discuss this with your lender.
Yes. C-PACE can be used to finance improvements that have recently begun operation, but it is only available in specific locations. State PACE legislation dictates whether or not this is eligible.
Yes. Live Oak Bank can provide financing for up to 100% of costs associated with the improvements, including soft costs, such as engineering, site work and energy audits.